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Exports of lab-grown diamonds slump 28 57% YoY despite government backing, ET Retail

Manufacturers of lab-grown diamonds (LGD) – which are 80% cheaper than natural diamond – also claimed that export volumes have increased with the US being the largest importer. They attributed the fall in export value to price instability after several new players entered the market.

lab-grown diamonds: Exports of lab-grown diamonds slump 28 57% YoY despite government backing

Manufacturers of lab-grown diamonds (LGD) – which are 80% cheaper than natural diamond – also claimed that export volumes have increased with the US being the largest importer. They attributed the fall in export value to price instability after several new players entered the market.

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